Announcement: Panmure Liberum acts as Co-Manager on Yellow Cake's $175m placing

We are pleased to announce that Panmure Liberum acted for Yellow Cake Plc on its upsized $175m (£130m) placing via accelerated bookbuild.

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Yellow Cake is a specialist company which offers exposure to the uranium spot price. This is achieved through its strategy of buying and holding physical triuranium octoxide ("U3O8"). The business is differentiated from its peers by its ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world's largest uranium producer and holds its U3O8 in storage in Canada and France.


Due to strong investor demand, the Company increased the size of the placing to US$175 million from the US$125 million originally proposed. Additional proceeds from the upsizing are intended to be used to fund opportunistic and strategic purchases of further U3O8. 


Panmure Liberum Team
Investment Banking – Scott Mathieson, Amrit Mahbubani, Gaya Bhatt


Sales & Trading – Simon Fickling, Chris Cooper, Ed Husband, Adam Howson, Mark O’Hara, David Thompson


Research - Tom Price, Duncan Hay


Legal - Emily Troubridge


Settlements - Rob Simpson

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London

Ropemaker Place, Level 12 25 Ropemaker Street London EC2Y 9LY [email protected] +44 (0)20 3100 2000

Leeds

Northspring, 36 Park Row Leeds, LS1 5JL [email protected] +44 (0)113 841 9700

Cambridge

50-60 Station Road Cambridge, CB1 2JH [email protected] +44 (0)20 3100 2000
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New York

20th Floor 575 Fifth Avenue New York NY 10017 [email protected] +1 212 596 4800